- Barclays (BCS +0.4%) gets hit with a $3.75M fine from FINRA.
- The firm allegedly failed to keep proper electronic records over the course of the last decade.
- The regulator claims the bank didn't keep order and trade data in the correct format and also didn't hang on to e-mail attachments and several million Bloomberg instant messages dating from October 2008 to May 2010.
- According to FINRA, these infractions might have interfered with BCS' capacity to answer requests for electronic communications records.
Barclays hit with $3.75M FINRA fine
Dec 26 2013, 12:53 ET